CADJPY H4 LONG PRICE ACTION FORECAST

74
Price action trading with a consolidation pattern, price compression with strong rejection from the support level. MACD showing diminished bearish momentum, expecting the breakout from the descending trendline to capture a forthcoming uptrend with a long setup

The order:
Type: buy-stop.
S/L: 78 pips - R:R | 1:2
T/P: target next resistance level

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.